💨 Abstract

India's consumer inflation for February is expected to decrease below the Reserve Bank of India's 4.0% target for the first time in six months, according to a Reuters poll. This decrease is attributed to moderating food price rises due to the availability of fresh winter produce. The forecasted inflation rate is 3.98%, down from 4.31% in January. This decrease in inflation strengthens expectations of interest rate cuts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖